2, MAGNOLIA AVENUE, PETERBOROUGH, PE3 9QT - £250,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MAGNOLIA AVENUE is a very large extended detached house of 170m², built sometime between 1950 and 1966, which could now be worth an estimated £414,427. It was last sold for £250,000 in April 2014, which was around 11% above the average April 2014 detached price in the City of Peterborough local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

2 MAGNOLIA AVENUE Sold Prices

Land registry data shows two sales for 2 MAGNOLIA AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the City of Peterborough local authority area for the corresponding sale date. Both of the two 2 MAGNOLIA AVENUE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 16 APR	£250,000	£224,384	11% above HPI
1998 30 DEC	£105,000	£81,793	28% above HPI

2 MAGNOLIA AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Peterborough local authority area over time, sourced from the HPI. The two 2 MAGNOLIA AVENUE sales from December 1998 and April 2014 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 1998 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the April 2014 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 2 MAGNOLIA AVENUE be worth now?

2 MAGNOLIA AVENUE might now be worth an estimated £414,427.

This is based on house price inflation of 65.8%, between April 2014 and March 2025, for detached houses, in the City of Peterborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 65.8% inflationary increase is applied to the most recent sale price for 2 MAGNOLIA AVENUE of £250,000 on 16th April 2014. For the value to have increased from £250,000 to £414,427 over the eleven years and one month to March 2025, the following assumptions must hold true:

• The value of 2 MAGNOLIA AVENUE has moved in line with the HPI for detached houses in the City of Peterborough local authority area.
• The April 2014 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MAGNOLIA AVENUE has not materially changed since April 2014.

How Large is 2 MAGNOLIA AVENUE?

2 MAGNOLIA AVENUE is 170m², which includes three extensions, according to the EPC inspection conducted in August 2013. This puts it in the largest 20% of detached houses houses in Peterborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peterborough, and where 2 MAGNOLIA AVENUE lies on this distribution: 87% of detached houses houses are smaller than 2 MAGNOLIA AVENUE, and 13% of houses are larger. Note that EPC data is not available for all properties in Peterborough.

2 MAGNOLIA AVENUE: Plot and Title Map

2 MAGNOLIA AVENUE sits on a plot of roughly 0.134 of an acre, or 544m². The below map shows the location of 2 MAGNOLIA AVENUE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 MAGNOLIA AVENUE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 MAGNOLIA AVENUE?

2 MAGNOLIA AVENUE is located in PETERBOROUGH, in the PE3 postcode district. The below map shows the position of No. 2 on MAGNOLIA AVENUE.